CLEVELAND –

Bernie Moreno Companies (BMC) is now among a growing list of companies now accepting Bitcoin as a form of payment.

Car buyers who look forward to bringing their business to any BMC dealership can now use Bitcoin and other cryptocurrencies for vehicle purchases and service payments, the company announced on Tuesday.

“Giving clients more options is essential to great customer service,” BMC founder and president Bernie Moreno said in a news release. “We are thrilled to be able to expand that flexibility to how our clients make payments.”

With locations in Cleveland and Miami, BMC said that it is the first Mercedes-Benz and Porsche dealership in North America to accept Bitcoin, Ethereum, Litecoin and other cryptocurrencies as a payment method.

BMC said that this is a move that embraces the future and illustrates Moreno's backing of the Blockland Cleveland initiative, which is aimed at making the city of Cleveland a leader in blockchain solutions, according to its website.

“Moreno is one of the scores of local leaders collaborating on the ambitious Blockland initiative to turn Cleveland into the epicenter of blockchain technology,” the company said.

Meanwhile, during the payment process, BMC said that customers who wish to use cryptocurrency can transfer the electronic cash that they have from their digital wallet to BMC at the current exchange rate.

“Paying with Bitcoin is going to be easier, faster and more secure than using a credit card or check,” Moreno added. “This might not only be a new option for payment, it might end up being the best option.”